central bank

Romanian Central Bank Governor Upholds Pension Reform

15:03, 04 Mart. 2010
Romanian central bank governor Mugur Isarescu said Thursday the country’s public pension system needs reformation because it is currently unsustainable.

Romania Ctrl Bk To Cut Key Rate Again But Not By Much

13:44, 03 Mart. 2010
Romania's central bank will reduce in the upcoming period the key monetary policy rate, but not significantly, said Wednesday Lucian Croitoru, an adviser of the central bank governor Mugur Isarescu.

Romania’s Feb Forex Reserves Rise EUR1.7B To EUR29.74B

13:07, 01 Mart. 2010
Romanian foreign exchange reserves rose EUR1.7 billion in February to an all-time high of EUR29.739 billion, fueled by two tranches from the International Monetary Fund, according to central bank data released Monday.

Romania Jan Private Lending Falls 8.2% YY To RON199.3B

12:01, 23 Feb. 2010
Romanian private lending fell 8.2% in real terms to 199.28 billion lei (EUR1=RON4.1252) in January compared with the same month a year earlier, central bank data showed Tuesday.

Romania FDI Halves To EUR4.89B In 2009

10:46, 12 Feb. 2010
Foreign direct investments, or FDI, in Romania fell 48.4% on the year to EUR4.89 billion in 2009, from EUR9.5 billion a year earlier, the central bank said Friday.

Romania Ctrl Bk Pumps RON3B Into Market In One-Week Repo

13:26, 08 Feb. 2010
Romania’s central bank on Monday injected 3.09 billion lei (EUR1=RON4.1325) into the monetary market in a one-week repurchase agreement operation, at an annual yield of 7%, equal to the key monetary policy rate.

Romanian Leu’s Reasonable Volatility Good For Economy – Ctrl Bker

15:32, 05 Feb. 2010
A "reasonable volatility" of the Romanian leu’s exchange rate is beneficial for the economy, because big fluctuations usually reflect on higher prices, central bank governor Mugur Isarescu said Friday.

Romania’s Ctrl Bk Ups ’10 Inflation Forecast At 3.5%

12:05, 05 Feb. 2010
Romania's central bank raised its forecast on 2010 inflation to 3.5%, from the previous 2.6%, central bank governor Mugur Isarescu told a news conference Friday.

Romania Ctrl Bk Cuts Key Rate By 50 BPs To 7%

12:43, 03 Feb. 2010
Romania’s central bank on Wednesday cut its key rate by 50 basis points to 7%, the lowest level in more than two years, but kept the minimum reserve requirements unchanged.

Romanian Ctrl Bker: Fiscal Consolidation Needed To Resume Lending

14:56, 20 Ian. 2010
Fiscal consolidation is important to allow a restart of the lending activity this year, once financing demand starts to pickup, especially from the corporate sector, Romania's central bank deputy governor Cristian Popa said Wednesday.

Romanian Leu Firms Vs Euro, Ends At Fresh 12-Mo High

18:26, 15 Ian. 2010
The Romanian leu widened its gains against the euro in late trade Friday and touched a fresh one-year high at RON4.0965 to the European currency toward closing, fueled by heavy forex sales from foreigners.

Romania Ctrl Bk: Pawnshops Not Allowed To Grant Loans With Realty Assets As Collateral

15:05, 13 Ian. 2010
Pawnshops in Romania are allowed to accept only movables as collateral for the loans they grant, and the pawns will be kept until the loan is paid back, the central bank said Wednesday, in response to media information alleging several pawnshops grant loans with real estate assets used as collateral.

Romania 90 Days Overdue Loan Payments Up 3% MM To RON2B In Nov

16:03, 12 Ian. 2010
Romanian payments overdue by more than 90 days for loans of at least 20,000 lei (EUR1=RON4.1355) rose 3.2% on the month in November to RON2.04 billion, central bank data showed Tuesday.

Romania Ctrl Bk Cuts Key Rate By 50 Bps To 7.5%

12:52, 05 Ian. 2010
Romania's central bank on Tuesday decided to lower the key monetary policy rate by 50 basis points, to 7.5% on the year, and to maintain the current levels of minimum requirements on both foreign currency-denominated and leu-denominated liabilities.

Romania Forex Reserves Fall Slightly In December To EUR28.3B

13:42, 04 Ian. 2010
Romanian foreign exchange reserves fell EUR434 million in December to EUR28.303 billion, according to central bank data released Monday.

Romania Nov Overdue Loans Up 11.5% MM To RON8B

19:02, 29 Dec. 2009
Romanian non-government overdue loans rose 11.5% on the month to 8 billion lei (EUR1=RON4.2099) in November, central bank data showed Tuesday.

Romania Jan-Oct FDI More Than Halves To EUR3.72B

12:32, 11 Dec. 2009
Romanian foreign direct investment, or FDI, more than halved in the first ten months to EUR3.72 billion compared with EUR7.66 billion in the same period the year earlier, the central bank said Friday.

Worst May Be Still To Come For Romanian Banks – Ctrl Bker

15:03, 09 Dec. 2009
Romanian lenders must wait at least another year to breathe easily, as the worst part of the crisis is yet to come, according to central bank’s head of supervision division Nicolae Cinteza.

Romania Central Bank Jan-Oct State Dues At RON1B – Bk Chief

10:43, 09 Dec. 2009
Romanian central bank paid dues to the state budget worth nearly 1 billion lei (EUR1=RON4.2249) in January-October period, amounting to 80% of the lender’s profit, governor Mugur Isarescu said Tuesday.

Romanian Leu Loses Steam Vs Euro, Ends Weaker On Day

19:11, 07 Dec. 2009
The Romanian leu lost its advance against the euro in late trade Monday amid higher buy orders for euros and the negative sentiment in the region, closing weaker on the day at RON4.2330/RON4.2360 to the European currency.

Romanian Leu Extends Gains Vs Euro, Ends Below 4.27 Units

20:00, 30 Nov. 2009
Romanian leu closed higher against the euro Monday, unlike currencies in the region, which lost their earlier gains and ended 0.1%-0.3% weaker on the day.

IMF Loan Helped Romania Avert Potential Currency Crisis – Ctrl Bker

19:04, 25 Nov. 2009
Without the EUR20 billion aid package obtained in the spring, Romania might have been unable to prevent growing pressure on the leu, which in turn would have negatively impacted inflation and the leu-denominated household financial assets, central bank’s governor Mugur Isarescu said.

Romania Ctrl Bank Oct Lombard Lending At RON19.4B

18:30, 23 Nov. 2009
Romanian banks borrowed in October 19.4 billion lei (EUR1=RON4.2809) from the central bank through the Lombard facility, 40% more compared with RON13.87 billion borrowed in September, central bank data showed Monday.

Romania Ctrl Bk Cuts Forex Reserve Requirements To 25%

17:15, 16 Nov. 2009
Romania’s central bank on Monday lowered the minimum reserve requirements on foreign currency-denominated liabilities to 25% from 30%, in a move to counter the imbalances following delayed loan tranches from the International Monetary Fund and other lenders.

Romania Current Acct Gap Seen At 4.6% Of GDP In ’09 – Ctrl Bker

18:44, 12 Nov. 2009
Romania’s central bank expects the current account deficit to narrow to 4.6% of the gross domestic product in 2009, from 12.3% of GDP last year, deputy governor Cristian Popa said Thursday.

Romania Must Shift Focus To Performing Sectors Or Face Tax Hikes – Ctrl Bker

14:00, 11 Nov. 2009
The Romanian authorities can either redirect budget funds to better performing economic sectors or take the unpopular measure of hiking taxes in a move to consolidate public finances, central bank governor Mugur Isarescu said Wednesday.

Romania 9-Mo Bad Loans Rise To 8.5% Of Total Lending Vs 3.5% In ’08

14:59, 10 Nov. 2009
Romanian loss-classified loans amounted to 8.5% of the total lending at the end of September, from 3.6% of the total loans in the same period the year earlier, central bank first deputy governor Florin Georgescu said Friday.

Romania Key Rate Kept Unchanged So Inflation Doesn’t Sidetrack – Ctrl Bker

13:42, 06 Nov. 2009
Romanian central bank’s decision to leave its key rate unchanged at 8% aimed to keep the annual inflation in check, as the market would have proven indifferent to a lower rate, central bank deputy governor Cristian Popa said Friday.

Romania Ctrl Bk Revises Up ’09 Inflation Forecast At 4.5%

12:03, 06 Nov. 2009
Romania’s central bank revised upward its estimate on the 2009 annual inflation rate to 4.5% from 4.3% previously forecast, central bank governor Mugur Isarescu said Friday.

Romania Ctrl Bk Sets ’11 Inflation Target At 3%, From 3.5% In ‘10

14:47, 03 Nov. 2009
Romania’s central bank has set the annual inflation target at 3% in 2011, with a one percentage point variation band, down from the 3.5% rate targeted in 2010, the bank said in a flash note Tuesday.

Romanian Central Bank Keeps Key Rate Unchanged At 8%

14:40, 03 Nov. 2009
Romania's central bank on Tuesday decided to keep the key monetary policy rate unchanged at 8% on the year, and to maintain the current levels of minimum requirements on both foreign currency-denominated and leu-denominated liabilities.

Romania Ctrl Bk Must Lower Reserve Requirements To Boost Loans In Lei

12:17, 27 Oct. 2009
Romania’s central bank should lower the required reserve ratios in Romanian lei to 2% from the current 15% levels to encourage the development of private lending in the national currency, bankers said Tuesday.

Romanian Ctrl Bk Shelters Leu After Government’s Fall – Dealers

16:19, 13 Oct. 2009
Romania’s leu topped 4.3 units per euro immediately after the government collapsed following a no-confidence vote in parliament Tuesday afternoon, and dealers said the central bank stepped in and guided the leu back to 4.29 units per euro.

Mugur Isarescu Reappointed Romania’s Ctrl Bk Governor

14:34, 08 Oct. 2009
Romanian parliament on Thursday reappointed central bank governor Mugur Isarescu for a new five-year term in office.

Romanian Ctrl Bk Governor Gets Unanimous Vote For New Term

09:55, 07 Oct. 2009
Romanian Parliament's budget committees late Tuesday voted unanimously in favor of reappointing Mugur Isarescu as governor of the central bank BNR, subject to parliament approval.

Romania’s Sept Forex Reserves Up EUR596M, At EUR28.34B

14:30, 01 Oct. 2009
Romanian foreign exchange reserves rose EUR596 million in September to a fresh all-time high of EUR28.339 billion, boosted by the second tranche of the International Monetary Fund loan, the central bank said in a statement Tuesday.

Democrat Liberals To Name 2 Deputy Govs In Ctrl Bk’s Board – Sources

14:14, 29 Sept. 2009
Romanian Parliament budget committees will back Florin Georgescu for a new mandate as the central bank’s first deputy governor, while democrat liberal candidates Cristian Popa and Lucian Croitoru will be named deputy governors, people familiar with the talks said Tuesday.

Romanian MPs End Talks On Ctrl Bk’s Board, Liberals Decline To Sign

16:34, 24 Sept. 2009
Romanian democrat liberals Thursday said negotiations regarding the future membership of the central bank’s Board have ended, but the Liberal Party has declined to sign the agreement.

Romania To Resume Growth With 1-Yr Delay – Ctrl Bkr

13:10, 23 Sept. 2009
The great financial meltdown has hit Romania with a delay of one year, one year and a half and so the country is bound to experience a lag in recovery of eight to 12 months compared with the more developed economies, a central bank official said Wednesday.

Romanian Ctrl Bker Says Economy Will Revive As Of Q3 Or Q4

16:15, 09 Sept. 2009
The Romanian economy will return to growth in the fourth quarter, if not even in the third quarter, on a favorable base effect, central bank governor Mugur Isarescu said Wednesday.